Stellar (XLM) has come under renewed pressure as broader market volatility weighs on risk assets, with XLM down more than 15% on the week. The token is currently trading around $0.16, sitting directly on a support zone last seen in November 2024. This area is technically important, as it represents a point where selling pressure previously slowed and buyers began to step in.

While recent price action has been heavily influenced by fundamental and macro-driven sentiment, the chart suggests XLM is approaching a level where a short-term reaction, either stabilization or continuation lower, is likely to emerge.

XLM technical analysis

XLMUSD - 1 Day Time Frame

From a technical standpoint, $0.16 is acting as immediate support, helping to contain the latest sell-off. This level marks the lower boundary of the current structure and will be closely watched in the near term. A failure to hold here would expose XLM to further downside, potentially extending the corrective move into unexplored territory relative to recent months.

On the upside, the $0.25 area stands out as a key support-resistance (S/R) level. Although it is currently acting as resistance, the $0.22–$0.27 range served as a broad support zone throughout mid-2025, making it a technically significant region. A return of buying activity could see price gravitate toward this area, especially if overall market conditions stabilize.

Above that, $0.30 represents a clearer resistance level, where previous attempts higher have stalled and sellers have historically regained control.

XLM price target

In a constructive scenario, a sustained defense of $0.16 could allow XLM to form a base, opening the door for a recovery toward the $0.25 S/R zone. Reclaiming this range would signal improving momentum and could set the stage for a move toward $0.30, provided broader market sentiment and macro conditions turn more supportive.

On the downside, losing the $0.16 support would weaken the current structure and increase the risk of further declines, with price likely seeking a new demand area below recent lows.

Overall, XLM remains technically fragile, but positioned at a level where a shift in sentiment could have an outsized impact on short- to medium-term price action.